NextDC spent about $5.8 million on establishing APDC, which will acquire NextDC’s Sydney (S1), Melbourne (M1) and Perth (P1) datacentre sites and lease them back to NextDC via a triple net lease.

The portfolio of property assets have been valued independently at $138.8 million.

NextDC has received the first consideration for the sale of the assets totalling $69.5 million in the form of $53.37 million in cash and 26.45 million partly-paid stapled securities in APDC, representing a 23 per cent holding.

APDC will pay a development fee of $45.5 million for S1 and $23.8 million development fee for P1.

It will also contribute $10.3 million for the final installment due in May.

APDC will run independently with its own board and management team. It has appointed Francina Turner as its executive director and CEO and Ian Fraser has joined as independent non-executive chairman. Other appointments include Chris Breach and John Wright as independent non-executive directors and Greg Baynton as non-executive director.

The two companies have entered into a three-year alliance where APDC has the first right of refusal for any new datacentre property developments undertaken by NextDC, which will also be the sole tenant of the properties.

“The completion of APDC offer and long-term alliance arrangements provide future flexibility for NextDC to continue its plans for growth through capital recycling,” NextDC CEO, Craig Scroggie, said in a statement.

NextDC announced its intentions to float APDC on the ASX in July last year, and at the time Scroggie said that APDC would provide an investment opportunity in high quality datacentre assets in Australia, with possible expansion into Asia.

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Slideshows

​Inside the new HP Customer Welcome Centre in Sydney…

HP unveiled its new Customer Welcome Centre (CWC) in Sydney this week, following on more than a year after the vendor opened the doors of its Experience Centre in Melbourne (MEC). The new space offers on-site HP technicians and visiting channel partners the ability to reconfigure equipment and put together tailored solutions based on the needs of individual end clients or target vertical markets. The centre can also be booked by customers and partners for meetings, events, workshops, seminars, and training. Photos by HP.

Zscaler Australia toasts the channel at Xmas drinks

Zscaler recently hosted its partner update and Christmas drinks event in Australia where more than 20 partners attended the event at the QT hotel in the Sydney. The event provided a forum for the company to update its Australian partners on the company's strategy for cloud security in the year ahead. It was also a great opportunity for the company to introduce Sean Kopelke as country manager for A/NZ. The event ended with Christmas drinks and a celebration of momentum gained in 2016.

IN PICTURES: ​Nutanix X Tours

Nutanix recently held two ‘X Tours’, which brought the company’s flagship event .NEXT to Brisbane and Melbourne. Customers and partners got a firsthand look at the new era of IT and exposure to the potential of the Nutanix Enterprise Cloud platform. Both events featured key speakers both from Nutanix and its partners.

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